Hours after the Labor Department said unemployment dropped for the first time since 2008, President Obama said, “The worst may be behind us.”
“As we begin to put an end to this recession, we have to think about what comes next,” he said. The U.S. “can’t go back” to the greed and irresponsibility of the old economy, he said, but needs “a new foundation.”
Obama’s tone was hopeful, yet stern, saying there is still a “steep mountain” to climb.
“We will not have a true recovery as long as we’re losing jobs,” he said. “And we won’t rest until every American looking for work has a job.”
